Zaozhuang Coal Chemical Industry is moving toward the level of 100 billion

From coal to electricity value-added twice, methanol value-added four times, acetic acid value-added 10 times, to acetate and other maximum value-added 80 times. This is an account roughly calculated by experts organized by Zaozhuang Development and Reform Commission.
New energy materials and green chemical industry belong to the top ten industries in the province. In recent years, Zaozhuang City has accelerated the transformation of new and old kinetic energy of coal chemical industry, continuously elongated the industrial chain, upgraded the value chain, and strived to build a national base of fine chemical industry and new chemical materials. At the beginning of August, at Zhongfeng Chemical Co., Ltd., located in Lunan High-tech Chemical Industry Park, the reporter saw that acetic anhydride had been catalytically polymerized into white cotton flocculent acetate, which could be used to make cigarette filters and spectacle frames.
Now, like Zhongfeng Chemistry, more and more Zaozhuang coal chemical enterprises have a longer industrial chain and higher product prices. Why did Zaozhuang Coal Chemical Industry emerge? Chen Tianshui, Minister of Engineering Development of Yankuang Lunan Chemical Co., Ltd., started construction of Lunan Chemical Fertilizer Plant in the 1960s and introduced the first Texaco coal water slurry gasifier from the United States in the 1990s to produce coal gas from local lignite, and then annexed Lunan Chemical Fertilizer Plant by Yankuang Group... Zaozhuang has a deep foundation for the development of coal chemical industry. After Yanzhou Mining Group annexed Lunan Chemical Fertilizer Plant, it began to develop coal chemical industry from a single coal production. With its strong economic strength, Yankuang Lunan Chemical Industry has transformed from a single nitrogenous fertilizer plant into an industrial chain with synthetic ammonia-urea-compound fertilizer and acetic acid-anhydride-acid ester. In May of this year, Yankuang Lunan Chemical Co., Ltd. cooperated with China Chemical Group to produce caprolactam by using synthetic ammonia developed by Tianchen Institute of Sinochem to break the monopoly of foreign countries. It invested 5.1 billion yuan to build the largest 300,000 tons of caprolactam production project in China, of which 200,000 tons produced caprolactam polymer chips. As a new material of engineering plastics and high-end fibre textiles, caprolactam polymer chips are currently on the market at a price of 20,000 yuan per ton. High-end coal chemical industry is a high threshold industry of "burning money" and "burning technology". Only by creating innovation chain and capital chain, can the industry chain be extended and the value chain be promoted.
In 2008, Lenovo Group, with strong capital, established Xinneng Phoenix Co., Ltd. in conjunction with Xinao Group and Panhai Group to produce millions of tons of methanol. After digging the first barrel of gold in coal chemical industry in Zaozhuang, Lenovo focused on the layout of coal chemical industry in Zaozhuang. Lenovo's Lianhong New Material Technology Co., Ltd. invested nearly 10 billion yuan to produce high-end new chemical materials with methanol produced by Xinneng Phoenix Co., Ltd. separated by a wall. Its market share is leading in China.
Lenovo saw unlimited business opportunities for new chemical materials. In January 2018, the Alliance for Technological Innovation and Industrialization of New Chemical Materials of CAS was established in Zaozhuang. Relying on the advantages of Lianhong's industrial foundation, transportation and management capabilities and technological transformation capabilities, a pilot scale-up platform for the scientific and technological achievements of new chemical materials of CAS was built to accelerate the transformation of key core achievements in the chemical industry of CAS into real productive forces and to build Zaozhuang. It has become the highland of new material industry of coal chemical industry in China and even in the world.
On July 9, the League held its annual Council in Zaozhuang, and its membership increased from 16 to 23. Zheng Yueming, chairman of the Alliance of New Chemical Material Technological Innovation and Industrialization of the Chinese Academy of Sciences and chairman of Lianhong New Material Technological Co., Ltd., told reporters that the alliance promotes the deep integration of innovation chain, industry chain and capital chain through the operation mode of "3+1", namely "Alliance+Platform+Fund" and a professional transformation operation team. Create collaborative innovation system.
At the pilot plant of new chemical materials of the Chinese Academy of Sciences next door to Lianhong, reporters saw that workers were stepping up construction and two workshops had been built. The base will share water, electricity, gas and other public utilities, as well as technical and managerial personnel. The two sides will cooperate and innovate. In October this year, two new chemical materials projects will be tested to break the monopoly of foreign technology.
New materials of coal chemical industry are the key industries of new and old kinetic energy conversion in the layout of Zaozhuang Municipal Committee and Municipal Government. In order to expand multi-level financing channels, the State-owned Science Holdings of the Chinese Academy of Sciences, Zaozhuang and Tengzhou have jointly set up a new material industry development fund with a total scale of 3 billion yuan to provide more extensive financial support for the transformation of scientific research achievements. Zaozhuang is trying to build coal chemical industry into a pillar industry of 100 billion grade as soon as possible through the cooperation of government, enterprises, universities and research institutes. At present, the coal chemical industry in Zaozhuang has stepped onto the fast lane and new kinetic energy has been released surging. Last year, the output value of Zaozhuang was about 40 billion yuan, and the first 100 billion-grade industry in Zaozhuang was accelerated. Zaozhuang is an important modern coal chemical industry base, forming a relatively complete product chain of coal coking, coal gasification, coal-to-methanol, coal-to-olefins, etc. Through the "four-chain drive" of innovation chain, capital chain, industrial chain and value chain, Zaozhuang City has introduced high-end technology to enhance its innovation capability, expanded multi-level and multi-channel financing, and fully played the role of guide, caregiver and waiter to promote the transformation of new and old kinetic energy to achieve new breakthroughs. The development of new energy materials and green chemical industry is an important part of the major project of the conversion of new and old kinetic energy in our province. To speed up the transformation of new and old kinetic energy in coal chemical industry, it is necessary to promote it from five aspects: connotation development, integration development, agglomeration development, green development and transformation development, among which modern coal chemical industry is the main direction of industrial transformation and upgrading. To build a new coal chemical industry base, it is necessary to optimize high value-added chemicals to extend the industrial chain, adjust product structure, develop downstream industries and Fine-processed products, optimize regional layout and increase production.
Looking for chemical products? Let suppliers reach out to you!
2026-05-27
-
Fine Chemicals Industry Overview Dec.2025
Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.Published in: Jan. 2026
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Coal prices soared, South Africa's Thungela company doubled its annual profit
-
The operating conditions of the German chemical industry have further deteriorated
-
How can we use nitrogen as fuel in various industry?
-
Nepal consumes 800 metric tons of pesticides every year
-
China's pesticide and fertilizer market seeks biological alternatives
-
China丨“Top 50 Exporting Companies of China Agrochemical in Year 2021” List Released
-
Chemical Enterprises Collectively Stop Production! Supply 'Urgent'
-
Power coal price in Zhejiang Province decreased by 4.0% YoY
-
CBI faces up to triple risks at home and abroad, will focus on five areas
-
Three Capabilities Activates New Kinetic Energy of Future Industry.
Recommend Reading
-
Eastman and Huafon Chemical to Establish Cellulose Acetate Yarn Production Plant in China
-
UAE Breaks Ground on World’s First Gigascale Round-the-Clock Renewable Energy Project, Setting a New Global Standard For Clean Energy
-
The Petrochemical Industries Company and Wanhua Chemical Group Sign Agreement to Strengthen Cooperation
-
Saudi Aramco Cuts Propane, Butane Prices for June
-
Mitsubishi Chemical Invests in Australia’s Licella Holdings
-
Cost Support: Shandong Asphalt Market Rises in July
-
Univar Solutions and BASF Expand Distribution Agreement
-
Premium Global Chemical Sourcing Requests (11–15 Aug 2025)
-
Pirelli H1 Revenue Hits €3.5 Billion Net Income Up 14 Percent High-Value Tire Sales Surge to 80 Percent
-
Shenma Spends 952 Million Yuan to Raise Stake in Nylon Chemical to 72 Percent Amid Profit Pressure